Capital Square, one of the nation’s sponsors of tax-advantaged real estate investments and an active developer and manager of housing communities, has announced the opening of The Nickel Hotel in Charleston, S.C.
Development of The Nickel Hotel was funded by Capital Square’s fourth qualified opportunity zone fund, CSRA Opportunity Zone Fund IV, as well as proceeds from Method Co., the project’s co-developer and operator. Completed spring 2025, the five-story project features 50 units, including two penthouse suites.
Conceived as part of the Tax Cuts and Jobs Act of 2017, qualified opportunity zone funds are intended to help foster economic growth by providing tax benefits to incentivize private investments in designated opportunity zones.
Capital Square’s opportunity zone developments provide real benefits to the communities where they are built, according to an economic impact report by FTI Consulting, an independent business consulting firm and global
